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James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four times per month at his local branch. He does not overdraft his account and
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James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four times per month at his local branch. He does not overdraft his account and plans to use direct deposit. He also plans to pay his bills online and he averages 8 bills per month.Which checking account would be best for James?

A. Account B
B. Account A

User Dmarcato
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1 Answer

3 votes

The question is incomplete:

The image with the information of account A and B is attached

Answer:

B. Account A

Step-by-step explanation:

The answer is that the checking account that would be best for James is account B because it doesn't require a minimum balance, the ATM usage fee is $0 for all ATMs, the monthly fee is $0 if he uses direct deposits as he plans to do, the online bill payment is free and the annual fee is $0 while account B has an annual fee of $36 making it more expensive.

James has $1500 to open a checking account. He can maintain a monthly balance of at-example-1
User Artem Malinko
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